India's Suraj Estate Developers up on settling legal dispute

Suraj Estate Developers

10/04/2024 08:25

** Shares of Suraj Estate Developers  SRAE.NS  rise 2.8% at
343.85 rupees 
    ** Real estate co says it amicably settled legal dispute
with OLV & OLPS society
    ** Co also unlocks gross development value (GDV) potential
of about 3.50 bln rupees, additional redevelopment with GDV of
about 2.25 bln rupees
    ** Stock set to gain for a second straight week if trend
continues, SRAE declined 21% in Q4
    ** SRAE up about 2.6% since its listing in Dec. 26, 2023


($1 = 83.1725 Indian rupees)

 (Reporting by Yagnoseni Das in Bengaluru)
 ((yagnoseni.das@thomsonreuters.com;))